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our deficit this year alone is likely to be about $1.3 trillion. this would reduce it down to $1.24 trillion. with the $60 billion of new revenue that it gains. most importantly it sets up three more fiscal cliffs over the next three months. when appropriation spending expires on march 27, when the debt ceiling has to be increased at the end of february, and when the sequester has to be dealt with at the very same time. so all we have done is to stumble forward and to an even less predictable situation with far fewer resources to invest in our nation and our children's future. thank you, mr. speaker. the speaker pro tempore: the gentleman's time has expired. for what purpose does the gentleman from missouri seek recognition? >> mr. speaker, to address the house for one minute. the speaker pro tempore: without objection, the gentleman from missouri is recognized for one minute. mr. cleaver: thank you, mr. speaker. i don't particularly like the bill that's going to come to the floor. i'm going to vote for it. the reason is that i stumbling through on
our deficit this year alone is likely to be about $1.3 trillion. this would reduce it down to $1.24 trillion. with the $60 billion of new revenue that it gains. most importantly it sets up three more fiscal cliffs over the next three months. when appropriation spending expires on march 27, when the debt ceiling has to be increased at the end of february, and when the sequester has to be dealt with at the very same time. so all we have done is to stumble forward and to an even less predictable...
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we do know that we have a deficit that's not yet been resolved. we do know that we have the sequestration on all those cuts that are simply waiting for us to deal with. and we have a debt limit and the funding of government. all of that is going to come together in february or early march. so it's likely to be a difficult spring here in washington. >> thank you, congressman for joining us live on washington, d.c. >> good luck. >> thank you. happy new year to california. >> happy new year. >>> well, about a million people from all over the world got the times square treatment as new york's huge crystal ball dropped into the new year. a lot of kissing going on, too. one of the panels on the ball had ding clark's -- dick clark's name engraved on it. this was the first new year's celebration since the host died this past year. >> here back at home no fog this year to block out the fireworks. it's beautiful, huh? it was a perfectly clear night. the fireworks along the waterfront that shot from treasure island looks like. a lot of people showed up for a
we do know that we have a deficit that's not yet been resolved. we do know that we have the sequestration on all those cuts that are simply waiting for us to deal with. and we have a debt limit and the funding of government. all of that is going to come together in february or early march. so it's likely to be a difficult spring here in washington. >> thank you, congressman for joining us live on washington, d.c. >> good luck. >> thank you. happy new year to california....
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future negotiations and likely future fights about how to deal with paying for a way to bring down the deficit by other kinds of cuts. that's been at the heart of this fight. now, today the house of representatives comes in, they cast a vote, and because the senate vote is so overwhelmingly bipartisan, 89-8, it's hoped that that will have influence in the house to at least get this deal done now with a chance to talk about some of these issues some more in the new congress and in the months ahead. chris? >> kelly o'donnell, thank you. well, all eyes do now turn to the republican-controlled house and speaker john boehner. about two hours before the senate voted, the house leadership said it would take a wait-and-see approach. "decisions about whether the house will seek to accept or promptly amend the measure will not be made until house members and the american people have been able to review the legislation." with me now, "the washington post's" david machimura and steve toma, chief political correspondent for "mclatchy" newspapers. good morning. >> good morning. >> happy new year. >> happy n
future negotiations and likely future fights about how to deal with paying for a way to bring down the deficit by other kinds of cuts. that's been at the heart of this fight. now, today the house of representatives comes in, they cast a vote, and because the senate vote is so overwhelmingly bipartisan, 89-8, it's hoped that that will have influence in the house to at least get this deal done now with a chance to talk about some of these issues some more in the new congress and in the months...
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spending cuts alone are not going to be able to reduce the country's deficit. so we have that coming. senator john mccain said basically that's going to antagonize a lot of the house members and possibly jeopardize the vote. >> a lot of negotiations still need to be done. all right, tara mergener live in washington for us, thank you. >>> what a night! the weather cooperated for a spectacular night of fireworks along the waterfront right here in san francisco. beautiful view, big crowds jamming the embarcadero. when it was over the cars jammed all the streets in the area. everyone had to go home. although many are still here. new year's celebration was not 100% peaceful though. cbs 5 reporter cate caugiran here in san francisco where at least three revelers were wounded in shootings during the festivities. good morning, cate. >> reporter: good morning, frank. yeah. san francisco police are starting the new year looking for two suspects in two different shootings that injured three people. now, that first shooting happened at 10:40 last night. a victim was taken
spending cuts alone are not going to be able to reduce the country's deficit. so we have that coming. senator john mccain said basically that's going to antagonize a lot of the house members and possibly jeopardize the vote. >> a lot of negotiations still need to be done. all right, tara mergener live in washington for us, thank you. >>> what a night! the weather cooperated for a spectacular night of fireworks along the waterfront right here in san francisco. beautiful view, big...
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some financial experts say the bigger issue is an out of control federal deficit. and that part of the deal still needs to be address the. >>> u.s. stock prices higher on this final day of the year. the dow industrials rose 156 points, the nasdaq was up 59. the markets had been flat all morning, but climbed after the president's remarks that a deal seemed close at hand. 2012 seemed to be a positive year for the markets overall. the dow was up 7%. s & s & p 500 15% and the nasdaq went up nearly 16% higher than when it started. >>> secretary of state hillary clinton is in the hospital treating a blood clot. doctors say she did not suffer a stroke and expect her to make a full recovery. however clots are potentially serious if not treated. they can lead to a hemorrhage inside the brain. it's believed this blood clot is related to the concussion secretary of state clinten suffered earlier this month. >>> the accident happened near the ma colome river bridge on highway 12 east of rio vista. first reports of the accident came in 9:15 this evening. highway 12 is closed in
some financial experts say the bigger issue is an out of control federal deficit. and that part of the deal still needs to be address the. >>> u.s. stock prices higher on this final day of the year. the dow industrials rose 156 points, the nasdaq was up 59. the markets had been flat all morning, but climbed after the president's remarks that a deal seemed close at hand. 2012 seemed to be a positive year for the markets overall. the dow was up 7%. s & s & p 500 15% and the...
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some financial experts say the bigger issue is an out of control federal deficit. and that part of the deal still needs to be address the. >>> u.s. stock prices higher on this final day of the year. the dow industrials rose 156 points, the nasdaq was up 59. the markets had been flat all morning, but climbed after the president's remarks that a deal seemed close at hand. 2012 seemed to be a positive year for the markets overall. the dow was up 7%. s & s & p 500 15% and the nasdaq went up nearly 16% higher than when it started. >>> secretary of state hillary clinton is in the hospital treating a blood clot. doctors say she did not suffer a stroke and expect her to make a full recovery. however clots are potentially serious if not treated. they can lead to a hemorrhage inside the brain. it's believed this blood clot is related to the concussion secretary of state clinten suffered earlier this month. >>> the accident happened near the ma colome river bridge on highway 12 east of rio vista. first reports of the accident me i9:15 this evening. highway 12 is closed in the
some financial experts say the bigger issue is an out of control federal deficit. and that part of the deal still needs to be address the. >>> u.s. stock prices higher on this final day of the year. the dow industrials rose 156 points, the nasdaq was up 59. the markets had been flat all morning, but climbed after the president's remarks that a deal seemed close at hand. 2012 seemed to be a positive year for the markets overall. the dow was up 7%. s & s & p 500 15% and the...
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that it is not just going to be spending cuts in the days ahead when they have broader fights about deficit reduction in two months and beyond but also going to be about more tax increases in the days ahead and he said that that will be the approach as long as i'm president and i'm going to be president for another four years and there was loud applause from the audience there which is why republicans said it was essentially a campaign rally. they teed off on the president and said basically he was rubbing their nose in their defeat. take a listen. >>> time to stop the campaigning. the president won. we all know that. he won fair and square. but isn't it now time to govern? >> the president was absolutely out of line with his comments at 1:30 this afternoon. this is a delicate time in the negotiations. >> republicans suggesting there in this delicate time of negotiations the president may have turned off some republicans. we will see again whether or not senate republicans rank and file go along with their leader. it is a big deal that mitch mcconnell is expected to be voting for in. will h
that it is not just going to be spending cuts in the days ahead when they have broader fights about deficit reduction in two months and beyond but also going to be about more tax increases in the days ahead and he said that that will be the approach as long as i'm president and i'm going to be president for another four years and there was loud applause from the audience there which is why republicans said it was essentially a campaign rally. they teed off on the president and said basically he...
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. >> after years of deficits in california there is finally light at the end of the tunnel but that would change if the nation goes over the fiscal cliff. ktvu's ken pritchett is live with how failure in washington will hurt california. . >> reporter: reaching a deal tonight would be important. people next month make less money so they spend less and within 5 weeks california will see sales tax revenue drop. if there is no deal tax increases kick in, smaller pay checks for most americans. >> reporter: [ inaudible question ] >> absolutely. >> the unknown. >> i would not do the emotional shopping. it would be more the need. instead of the want. >> less spending, a rapid hit to the economy. >> february when we see the january sales tax receipts we may see a dip. >> reporter: california could be back to a big budget deficit. >> that could translate into a hit of $11 billion over two years. >> reporter: all of that could be avoided if a deal in washington is reached tonight. >> i don't think so. i don't think so. >> reporter: consumer spending is one of many examples of how california could be
. >> after years of deficits in california there is finally light at the end of the tunnel but that would change if the nation goes over the fiscal cliff. ktvu's ken pritchett is live with how failure in washington will hurt california. . >> reporter: reaching a deal tonight would be important. people next month make less money so they spend less and within 5 weeks california will see sales tax revenue drop. if there is no deal tax increases kick in, smaller pay checks for most...
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la cifra en el deficit es de 109 mil millones de dolares, los cuales tienen que salir de algun lado. y si el senado y el presidente obama no llega a ningun acuerdo, pues seria de nuestros impuestos... o mejor aun, de un aumento de ellos ;01 ;39 1;22 1;31 trt 02;07 take pkg el aÑo se despide con un pulso politico que hunde aun pero el pais entero espera que en el termino de esta semana se logre un acuerdo para aumentar impuestos a quienes ganan mas de 250,000... aunque el senado quiere que sea a quienes ganan mas de 400 mil dolares, pero el pais necesita un acurerdo inmediato, sin aumento de impuestos... blanca ---en otras noticias, faltan pocas horas para que miles de personas le digan adios al 2012 en el area de la bahia. take vo ---en san francisco, ya comenzaron los preparativos para la celebracion de esta noche en la "embarcadero" que incluye juegos pirotecnicos, musica y mucha alegria. ---el espectaculo comienza a la medianoche y es gratis para el publico. ---los organizadore s dicen que la celebracion durar 15 minutos y aseguran que ser mejor que la del aÑo pasado. blanca ---
la cifra en el deficit es de 109 mil millones de dolares, los cuales tienen que salir de algun lado. y si el senado y el presidente obama no llega a ningun acuerdo, pues seria de nuestros impuestos... o mejor aun, de un aumento de ellos ;01 ;39 1;22 1;31 trt 02;07 take pkg el aÑo se despide con un pulso politico que hunde aun pero el pais entero espera que en el termino de esta semana se logre un acuerdo para aumentar impuestos a quienes ganan mas de 250,000... aunque el senado quiere que sea...
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the president suggested lawmakers make action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm willing to support revenues to deal with this problem. the overall problem. but what i will not grow to is using revenues to replace spending reductions. >> reporter: even if the senate approves the deal by midnight the house still has to pass the measure before the president can sign it into law. the house left earlier this evening, but it doesn't matter in terms of the "fiscal cliff" agreement because the senate still has to vote on it. it's unlikely that they can get it done by midnight. so while the nags is technically over the cliff, it's only for a few days, we hope. reporting live in washington, i'm randall pinkston. back to you. >> brian. >> i'm curious, all this -- this is all unwound in the last 30 minutes according to a democratic aide. is there any indication they will have an official announcement in the next few hours about specifically what is happening at this mo
the president suggested lawmakers make action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm willing to support revenues to deal with this problem. the overall problem. but what i will not grow to is using revenues to replace spending reductions. >> reporter: even if the senate approves the deal by midnight the house still has to pass the measure before the...
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both sides would have to come to a better, more balanced deficit and debt deal. it's hard to believe but that was almost two years ago. and now, with the clock winding down to the end of to 12, and the end of the fiscal cliff deadline, not a single piece of legislation has passed congress on this. at this hour, vice president biden is set to meet with senate democrats. you are looking live just outside of capitol hill there. we are waiting for his arrival. he will be meeting with senate democrats in hopes of ironing out a mini deal. is he actually trying to sell it to several key democratic senators who are skeptical to say the least. a big union leaders is weighing in as well. is he not happy with what he has heard of the deal so far. we're positioned just outside again for the vice president's arrival. then, inside, just outside the senate chamber, well it, there are the republicans, several senate republicans have already announced opposition. but, if whatever comes out, legislation wise makes it through the senate tonight somehow, how the house speaker and hi
both sides would have to come to a better, more balanced deficit and debt deal. it's hard to believe but that was almost two years ago. and now, with the clock winding down to the end of to 12, and the end of the fiscal cliff deadline, not a single piece of legislation has passed congress on this. at this hour, vice president biden is set to meet with senate democrats. you are looking live just outside of capitol hill there. we are waiting for his arrival. he will be meeting with senate...
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the president said to take action on deficit reduction in the next few months and more tax revenue could be involved in those discussions but republicans are furious at that possibility. >> i'm willing to support revenues to deal with this overall problem but what i will not agree to using revenues to replace spending reductions. >> reporter: even in the senate approves the deal by midnight, the house has to pass it. >>> once the deal is done, what will it mean to you and your family's finances? cbs 5 reporter grace lee with the consequences of a compromise. >> reporter: this deal is not official until both houses pass it and it's signed by the president. outlined at this point it's clear at least when it comes to your taxes. so most middle and low-income families should be spared the bulk of those tax increases. but most of us are going to be paying something extra to the irs in 2013. >> keep in mind just last month republicans in congress said they would never agree to raise tax rates on the wealthiest americans. obviously the agreement is currently being discussed would raise those ra
the president said to take action on deficit reduction in the next few months and more tax revenue could be involved in those discussions but republicans are furious at that possibility. >> i'm willing to support revenues to deal with this overall problem but what i will not agree to using revenues to replace spending reductions. >> reporter: even in the senate approves the deal by midnight, the house has to pass it. >>> once the deal is done, what will it mean to you and...
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we were paying down the deficit. things were going well under bill clinton, under that tax system, and that's what we'll go back to tomorrow. what's so bad about that? well, what's happened is in the last ten years a lot of people have gotten very rich in this country. very rich. and now they want to protect their wealth. and that's what they want to do. they want to lock in this system on estate taxes and lower tax rates up to $450,000 or $500,000 or a million or whatever they want. they want to lock that in. i think it's time for them to start paying their fair share, and they did under the clinton tax provisions that we had in place at that time. so to go back to the tax provisions that we had under bill clinton doesn't frighten me one bit. but now we hear the same song and dance from the republicans. if we do that, the sky's going to fall. the world will end tomorrow. the markets will just go all to heck. we heard that in 1993, and it was wrong. we're hearing it again today about what will happen if we go back to
we were paying down the deficit. things were going well under bill clinton, under that tax system, and that's what we'll go back to tomorrow. what's so bad about that? well, what's happened is in the last ten years a lot of people have gotten very rich in this country. very rich. and now they want to protect their wealth. and that's what they want to do. they want to lock in this system on estate taxes and lower tax rates up to $450,000 or $500,000 or a million or whatever they want. they want...
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. >> if republicans thing that i will continue deficit reduction with only spending cuts alone that is not how it is going to work. >> what he is saying to the republicans on both sides of the aisle, basically, to the house of representatives is take it or leave it. that is no our president should lead. that is not how the president should lead. at 4:00 p.m. eastern, the deal was off. or at least, delayed. the house will break tonight, december 31st without voting on the fiscal cliff package. >> while we still see the there could be an agreement or no tax increases the deal will not be finalized on time because there is no deal on spending cuts. the house of representatives have gone home for the night. michael yaki will join us with the political advancements. vicki? >>> we're following developing news tonight - with secretary of state hillary clinton. doctors say she is expected to make a full recovery, from a blood cot. which formed in a vein between her brain and skull. the clot was discovered yesterday - and is related to a concussion mrs. clinton suffered, after fainting while re
. >> if republicans thing that i will continue deficit reduction with only spending cuts alone that is not how it is going to work. >> what he is saying to the republicans on both sides of the aisle, basically, to the house of representatives is take it or leave it. that is no our president should lead. that is not how the president should lead. at 4:00 p.m. eastern, the deal was off. or at least, delayed. the house will break tonight, december 31st without voting on the fiscal...
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. >> reporter: he says a deficit will sink us. >> in order for employers to employ we need buyers to buy and the only way we can have that is a strong economy. >> reporter: other important issues, the debt ceiling are looming. >> death issues and a budget -- debt issues and a budget. >> reporter: you are paying for all of it. i am consumer editor tom vacar, ktvu channel 2 news. >> and coming up at 6:00 p.m., ktvu's ken pritchett will break down thim pact the delay is having in -- down the delay is having here. >> wall street ended the year on a winning note. the dow is up 166 to 13,104., breaking a 5 day losing streak. the nasdaq is up 59 at 3,019. here is what the numbers mean to you. if you invested $10,000 in the dow you would have made more than a 7% profit. the s&p13.5% profit. nasdaq 16%. for that $10,000 investment in the dow $730. $1,340 on the s&p and $1,590 on the nasdaq. >> police are investigating the 46th killing of the year in san jose after a man was shot today. it happened at an apartment complex this afternoon. police received a 911 call that a man with a gun was in
. >> reporter: he says a deficit will sink us. >> in order for employers to employ we need buyers to buy and the only way we can have that is a strong economy. >> reporter: other important issues, the debt ceiling are looming. >> death issues and a budget -- debt issues and a budget. >> reporter: you are paying for all of it. i am consumer editor tom vacar, ktvu channel 2 news. >> and coming up at 6:00 p.m., ktvu's ken pritchett will break down thim pact the...
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the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do it in a responsible way. i am willing to reduce our government's medicare bills by finding new ways to reduce the costs of health care in this country. that is something which all agree on. we want to make sure that medicare is there for future generations but the current trajectory of health care costs is going up so high that we have to find ways to make sure that it is sustainable. that kind of reform has to go hand in hand with doing some more work to reform our tax code so that wealthy individuals, the biggest corporations, cannot take advantage of loopholes and deductions that are not available to most of the folks standing up here for most americans. there is still more work to be done in the tax code to make it fair even as we are also looking at how we can strengthen something like medicare. if republicans think i will finish the job of the defic
the same is true for any future deficit agreement. we will have to do more to reduce our debt and deficit. i am willing to do more but it will have to be balanced. we will have to do it in a responsible way. i am willing to reduce our government's medicare bills by finding new ways to reduce the costs of health care in this country. that is something which all agree on. we want to make sure that medicare is there for future generations but the current trajectory of health care costs is going up...
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. >> we have to do this in a balanced and responsible way and if we're gonna be serious about deficit and debt reduction, there will have to have be some sacrifices. >> reporter: -- there have have to be some sacrifices. >> reporter: again, no votes have been scheduled at this point. kyla campbell, ktvu channel 2 news. >> thank you. >>> with all of the focus on the fiscal cliff, a new bill to prevent the so-called dairy cliff is also in play today. the house is expected to vote on a one-year extension of the expiring u.s. farm bill. leaders from the house and senate agricultural committees have already agreed to the bill. if it's not passed, milk prices could double up to $8 a gallon. >>> a number of new laws are ahead for the new year, including one in alameda county that claims to keep plastic bags out of the hands of shoppers. new at noon, brian flores is live with a new bag ban and reaction from residents and a store manager. >> reporter: hi, david. plastic bags could be a thing of the past. starting tomorrow, shoppers are urged to bring in their own reusable bags or will be charg
. >> we have to do this in a balanced and responsible way and if we're gonna be serious about deficit and debt reduction, there will have to have be some sacrifices. >> reporter: -- there have have to be some sacrifices. >> reporter: again, no votes have been scheduled at this point. kyla campbell, ktvu channel 2 news. >> thank you. >>> with all of the focus on the fiscal cliff, a new bill to prevent the so-called dairy cliff is also in play today. the house is...
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we will have to do more to reduce our debt and deficit. i'm willing to do more but it will have to be balanced. >>reporter: liberal democrats have complaints. members of both parties warn as bad as going over the fiscal cliff could be it is better than a deal that looks in what each sees as problems for years. >>trace: the president admits there is still work to be done. >>reporter: still questions of how to pay the extra money medicare doctors have been given and how to keep the alternative minimum tax from burning millions of new taxpayers. in addition to the spending cuts put off until 2013. it is not a done deal. >> there are still issues left to resolve. we are hopeful congress can get it done. it is not done. part of the reason i wanted to speak to you today is to make sure we emphasize to conditioning and that members understand this is a pressing concern across america. >>reporter: the deal would not satisfy the conditions congress made for avoid the fiscal cliff and the president will not go to hawaii to avoid the fiscal cliff and
we will have to do more to reduce our debt and deficit. i'm willing to do more but it will have to be balanced. >>reporter: liberal democrats have complaints. members of both parties warn as bad as going over the fiscal cliff could be it is better than a deal that looks in what each sees as problems for years. >>trace: the president admits there is still work to be done. >>reporter: still questions of how to pay the extra money medicare doctors have been given and how to keep...
SFGTV2: San Francisco Government Television
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overall, our budget, we are in our fifth year of major budget deficits. i have been chair of the budget committee for the past couple of years. i am still involved in budget issues. i want to make sure i can be helpful to my colleagues who are grappling with our huge deficit. it is inevitable that we are going to make painful cuts, so how do we do it in a way that will minimize the impact to every day san franciscans, how can we keep our parks in good conditions? how do we maintain our safety net for public health services, public security services, public safety? all these are critical decision that need to be made. the pension question is something that comes up. the cost of our pension liability will cost the city, especially because of our investments in the market have come down since 2008. we are spending more of our general fund to pay our pension costs. that is a big challenge. it is a long-term problem, but it also has short-term implications. we know right away we are not going to have the enough money as we need to cover our services and pensio
overall, our budget, we are in our fifth year of major budget deficits. i have been chair of the budget committee for the past couple of years. i am still involved in budget issues. i want to make sure i can be helpful to my colleagues who are grappling with our huge deficit. it is inevitable that we are going to make painful cuts, so how do we do it in a way that will minimize the impact to every day san franciscans, how can we keep our parks in good conditions? how do we maintain our safety...
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taxes -- and the president promised in the campaign he wanted to do that -- it's to pay down on the deficit. there's no evidence of any of that. that's a major sticking point. the democrats are divided on tax rates, on the death tax, on taxes on small business and the republicans are holding firm that you actually have to deal with the number one problem in our nation which is the spending our debt. >> senator, the senate is reconvening this morning. how close are we actually to some kind of a deal here? >> i'm hoping that we get an arrangement and an agreement because the american people deserve certainty. what we ought to do is put a bill on the senate floor and let people offer amendments and vote on them. we shouldn't be here waiting for people to cut deals on back rooms. the american people ought to be able to watch the discussion and the debate and how people vote on various issues the death tax, tax rates, and how the money is going to be used because that's the big question. how are they going to use the money? >> senator, we heard president obama say in an interview that if congres
taxes -- and the president promised in the campaign he wanted to do that -- it's to pay down on the deficit. there's no evidence of any of that. that's a major sticking point. the democrats are divided on tax rates, on the death tax, on taxes on small business and the republicans are holding firm that you actually have to deal with the number one problem in our nation which is the spending our debt. >> senator, the senate is reconvening this morning. how close are we actually to some kind...
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even if a deal is reached, it is likely to be temporary with another fight over deficit reduction coming next year. market is reacting cautiously. positive in nasdaq and s&p, dow has cut losses as these bits of news trickle out. bloomberg index still trading s(ó airlines say they are always trying to improve customer service, according to one survey they$0!6 should check to see if their employees have an attitude problem. 1,000 people were asked which airline had the rudest employees, american topped the list, 25% criticizing the manner of the workersg4p, united second, followed by delta andj0a us airways. gñ a smoker and looking for a resolution, today may be good day to researchers say the best day of the with week to quit smoking is monday. monday saturday people start out fresh, they resolve to do better and focus is on health. you can resolve to quit for just a week and renew the pledge to yourself, next monday and get through the whole year without smoking. tobacco-free website says public and private health care expenditures a.m. to 96 billion dollars a year. -- amount to 90
even if a deal is reached, it is likely to be temporary with another fight over deficit reduction coming next year. market is reacting cautiously. positive in nasdaq and s&p, dow has cut losses as these bits of news trickle out. bloomberg index still trading s(ó airlines say they are always trying to improve customer service, according to one survey they$0!6 should check to see if their employees have an attitude problem. 1,000 people were asked which airline had the rudest employees,...
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. >> they say that their biggest priority is making sure we deal with the deficit in a serious way. but the way they're behaving is that their only provide or the is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now. but republicans don't want to see new revenues -- in other words, democrat tax increases -- being used for new spending. >> reporter: the president has said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up-or- down vote. everybody have should a right to vote on that. if republicans don't like it, they can vote no. but i actually think there's a majority support for making sure that middle class families are held harmless. >> reporter: a white house proposal to increase he is stat taxes also held up negotiations over the weekend. now, if the senate is able to come up with a bipartisan agreement today, it still has to get t
. >> they say that their biggest priority is making sure we deal with the deficit in a serious way. but the way they're behaving is that their only provide or the is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now. but republicans don't want to see new revenues -- in other words, democrat tax increases -- being used for new spending....
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. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now but republicans don't want to see new revenues -- in other words, democrat tax increases -- be used for new spending. >> reporter: the president said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up-or- down vote. everybody should have a right to vote on that. if republicans doesn't like it they can vote no but i think there is a majority support to make sure that middle class families are held harmless. >> reporter: the senate will be back in session in just a few hours. and even if the senate is able to pass legislation today, it still has to get through the republican-controlled house. live on capitol hill, danielle nottingha
. >> they say that their biggest priority is making sure that we deal with the deficit in a serious way but the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. >> reporter: but senators say there is some movement on the issue. >> there's a lot of give and take going on right now but republicans don't want to see new revenues -- in other words, democrat tax increases -- be used for new spending....
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boehner issued a statement that says republicans have made every effort to reach the balanced deficit agreement that the president promised the american people. we've been reasonable and responsible. the president is the one who has never been able to get to yes. >> what the people reelected me for is to put together a -- >>> the dairy cliff may not see a vote before 2013. leaders from the house and senate agricultural committees agreed to a one year extension of the farm bill. but there's been no time to get a full vote. without passage of the bill, milk prices could rise sharply. estimates are that a gallon of milk could go up to $8 a gallon. >>> prices for just about everything in california are about to go up. coming up at 10:30, what's behind the price increases and when you'll have to stay parting more. >>> tonight doctors in new york are treating secretary of state hillary clinton for a blood clot. her spokesman said hillary clinton's doctors discovered the clot during a follow up exam. mrs.clinton was immediately admitted into a new york hospital where doctors will monitor her
boehner issued a statement that says republicans have made every effort to reach the balanced deficit agreement that the president promised the american people. we've been reasonable and responsible. the president is the one who has never been able to get to yes. >> what the people reelected me for is to put together a -- >>> the dairy cliff may not see a vote before 2013. leaders from the house and senate agricultural committees agreed to a one year extension of the farm bill....
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Dec 31, 2012
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. >> they say their biggest prierity is making sure we deal with the deficit but the way we are behaving their only priority is making sure that tax breaks are protected. >> reporter: if a deal is not reached the president wants the democratic-controlled senate to introduce legislation to keep tax cuts for $250,000 a year and keep unemployment benefits. now, the focus is is on the senate. -- focus is on the senate. if by a miracle they reach an agreement there is no certainty that it will be passed by the house. with each passing hour optimism is phasing. reporting live in washington. back to you, ann. >> i think a lot of us have been thinking really there was going to be a last-minute deal. sort of a play unfolding. that is too optimistic now? people are thinking it may not happen? >> reporter: well, you know, it is going to take a lot to come up with an agreement. i mean just look at how long they have been talking about it and it has not been done. now we are a day away before the clock strikes 12? and the automatic cuts take effect. so, yes, optimism is fading, people who on sunday m
. >> they say their biggest prierity is making sure we deal with the deficit but the way we are behaving their only priority is making sure that tax breaks are protected. >> reporter: if a deal is not reached the president wants the democratic-controlled senate to introduce legislation to keep tax cuts for $250,000 a year and keep unemployment benefits. now, the focus is is on the senate. -- focus is on the senate. if by a miracle they reach an agreement there is no certainty that...
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. >> they withdrew the proposal but cut the deficit by slowing social security. there is some movement as both sides try compromise about which americans start paying tax rates. >> republicans don't want to see new revenues, in other words democrat tax increase being used for new spending. >> in unusual move republicans called for a no. 2 democrat, biden to help with negotiations as the white house places a lot of blame on the impasse. >> they say the bill biggest priority is we deal with the debit. their way is the only priority that tax breaks for wealth americans are protected. >> if a deal isn't reached, the president wants to introduce legislation to keep tax cuts for people earning more than 200 thousand a year. >> it wasn't only grid lock in washington. they are going to keep milk prices from rising next month. the agriculture secretary of state says without it we could pay $7 a gallon. >> >>> the woman charged for pushing a man from a platform on a subway train. the 31 year-old was quoted by the district attorney's office saying it would be cool pushing s
. >> they withdrew the proposal but cut the deficit by slowing social security. there is some movement as both sides try compromise about which americans start paying tax rates. >> republicans don't want to see new revenues, in other words democrat tax increase being used for new spending. >> in unusual move republicans called for a no. 2 democrat, biden to help with negotiations as the white house places a lot of blame on the impasse. >> they say the bill biggest...
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Dec 31, 2012
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this became 2011, when it came to we had the demanded that it reduce the deficit. because of the debt ceiling without a deal, the u.s. would lose its ability to borrow money. democrats, republicans, wanted a stricter tactics that shut down the government and ultimately cost the american it is trouble a credit rating in the first time in history. at the last moment, they both agreed to a trillion dollars in spending cuts and 1.2 trillion to be decided by a special congressional super committee. but a poison pill was attached. if this cannot be reached, this automatic across-the-board cuts as the sequester would go into effect starting january, 2013. at the exact moment when the abortion-era tax cuts required-bush-era tax cuts could have been expired like they did two years ago but once we often got drowned out by seemingly endless and continuous elections in america. this time, there could be a serious price to pay for it. >> another developing story tonightrussian authorities say a fifth person has died from yesterday's plane crash in moscow. she was a flight atten
this became 2011, when it came to we had the demanded that it reduce the deficit. because of the debt ceiling without a deal, the u.s. would lose its ability to borrow money. democrats, republicans, wanted a stricter tactics that shut down the government and ultimately cost the american it is trouble a credit rating in the first time in history. at the last moment, they both agreed to a trillion dollars in spending cuts and 1.2 trillion to be decided by a special congressional super committee....
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Dec 31, 2012
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. >> >> they say the biggest thing is taking care of the deficit. the way they are behaving the only priority is tax rates for wealthiest americans are protected. >> >> reporter: if the deal is not reached they want the senate to introduce legislation to keep the tax credit for $250,000 a year and keep unemployment benefits, back to you. >> it was not all gridlock in washington, though, both parties were able to agree to a one-year extension of the farm bill that expired in october. once it is passed the bill extends the threat of milk prices doubling next month. consumers were facing the prospect of paying $7 a gallon if the dairy program lapsed. >> reporter: you can keep tabs on the if fiscal cliff talk, 24/7 bilogging on to our web site, cbssf.com. >>> checking bay area headlines, the police still searching for the police who mugged a woman and killed her dog. the woman was looking for her cell phone in her car in the tender loin on friday when a man attempted to rob here. then grab her 12-year-old dog and hurled it into traffic. the police are c
. >> >> they say the biggest thing is taking care of the deficit. the way they are behaving the only priority is tax rates for wealthiest americans are protected. >> >> reporter: if the deal is not reached they want the senate to introduce legislation to keep the tax credit for $250,000 a year and keep unemployment benefits, back to you. >> it was not all gridlock in washington, though, both parties were able to agree to a one-year extension of the farm bill that...
SFGTV: San Francisco Government Television
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Dec 31, 2012
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SFGTV
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the mayor's office is currently projecting a 263 million dollar deficit for that two year period and that shortfall results from approximately 344 million dollars in known cost increases which is offset by 81 million dollars in estimated revenue growth over the same period. as always, this gap will have to be closed by the time the mayor submits his report, general funding departments reduced our budget, our general fund support by 3% over the next two fiscal years and they've asked us to make a 1 and a half percent cut in 13-14 and a 1 and a half percent cost in 14-15, the budget reduction targets that we received from the mayor's budget office are 465 thousand dollar reduction next year and a 558 thousand dollar reduction the next year, so in the scope of the budget reduction that they have received over the last three or four years, this is eminently manageable. two years ago, we were asked to make a 20% budget cut, so this is something that feels like we can accomplish hopefully with relatively little pain. we would hope to meet this 3% target as well as any cost increases in our
the mayor's office is currently projecting a 263 million dollar deficit for that two year period and that shortfall results from approximately 344 million dollars in known cost increases which is offset by 81 million dollars in estimated revenue growth over the same period. as always, this gap will have to be closed by the time the mayor submits his report, general funding departments reduced our budget, our general fund support by 3% over the next two fiscal years and they've asked us to make...
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Dec 31, 2012
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. >> they quickly cut the deficit by slowing the growth of social security but the senate says there is a little bit of movement when they are compromising which americans should should get ready to pay a higher tax rate. >> reporter: in an unusual move republicans here on capitol hill called on the nation's number 2 democrat, vice president joe biden, to help in negotiations, this as the white house puts the blame on the impasse on the gop. >> they say the biggest priority is making sure we deal with the deficit in a serious way. the way they are behaving is the only priority is making sure tax breaks for the wealthiest americans are protected. >> reporter: if a deal is not reached the president wants controlled senate to introduce legislation to keep tax cuts for couples earning up to $250,000 a year and keep unemployment benefits. here is an example of the move: the house speaker's last offer was maintaining tax cuts for $1 million or more or less, rather, the president was saying it has to be $250,000 or less. now democrats numberses moved up to possibly 350,000 or $400,000, so,
. >> they quickly cut the deficit by slowing the growth of social security but the senate says there is a little bit of movement when they are compromising which americans should should get ready to pay a higher tax rate. >> reporter: in an unusual move republicans here on capitol hill called on the nation's number 2 democrat, vice president joe biden, to help in negotiations, this as the white house puts the blame on the impasse on the gop. >> they say the biggest priority is...
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Dec 30, 2012
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with the deficit ticking ever higher, patience is wearing thin. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into affect today. tara mergener for cbs news, washington. >>> former president george h.w. bush is 88 years old and sent to the hospital last month in houston. he was moved into intensive care december 23rd after developing a fever. doctors say he was -- his condition is improving and he was moved to a regular room yesterday and is in good spirits. >>> looks like plastic shopping bags might be a relic of the past. >> just ahead, the final two days for the bags in an entire bay area county. >> and a look back at some of the year's big stories in the u.s. of a. we'll be right back. ,,,, . >> there is the golden gate bridge, sunny and chilly. a few clouds around. aside from that, a nice day. ,,,,,,,, ban" bandwagon... as the new year begins tuesday. . >>> one of the bay area's largeet co
with the deficit ticking ever higher, patience is wearing thin. >> for those of us who invest in the stock market, it's disgusting to watch them jockey around with our money. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 trillion of mandatory spending cuts scheduled to go into affect today. tara mergener for cbs news, washington. >>> former president george h.w. bush is 88 years old and sent to the hospital last month in houston. he was moved...
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. >> with the deficit ticking higher -- >> it's disgusting. >> miss ing in all the last minute negotiations is talk of the 1.2 trillion in mandatory spending cuts scheduled to go into effect tuesday. >> the fiscal cliff count down is the big topic on this morning's fogs the morning -- face the nation. there's two big visitors. it starts right after this newscast at 8:30 on cbs 5. >>> plastic shopping bags may soon be the fast. >> the final 2 days for those bags in an entire bay area county. >> a 2012 close, a look back at some of the big stories in the usa. we'll be right back. ,,,,,,,,,,,,,, as the new year begins tues the new ban appl >>> 20 minutes before 8:00. one of the biggest counties is jumping on the plastic bag ban. the new ban applies to all of alameda county. the incorporated areas and all of its cities also. stores will no longer be able to give customers one time use plastic bags. customers must bring their own bags or pay 10 cents each for a recyclable paper bag. similar laws are in effect in san jose, san francisco and dozens of other california cities and counties. san jose
. >> with the deficit ticking higher -- >> it's disgusting. >> miss ing in all the last minute negotiations is talk of the 1.2 trillion in mandatory spending cuts scheduled to go into effect tuesday. >> the fiscal cliff count down is the big topic on this morning's fogs the morning -- face the nation. there's two big visitors. it starts right after this newscast at 8:30 on cbs 5. >>> plastic shopping bags may soon be the fast. >> the final 2 days for those...
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extending tax cuts, while doing nothing to curb spend organize address the long-term deficit crisis. if they fail to even pass a minideal, virtually everybody's income taxes will good up. the average family paying an extra $3,446 a year. and even if the income tax cuts are extended, virtually all workers are due to see less in their paychecks starting in january when the temporary 2% payroll tax cut is set to expire. >> senate leaders are headed back into session tomorrow morning. tune into morning news for the latest. >> portland, oregon residents have taken their disappointment in congress to the street. there's this road sign in north portland. now instead of road construction it reads, fiscal cliff ahead. >> a winter storm is dumping snow over the northeast and part office ohio. a tractor-trailer and several other cars collided in the snow on interstate 83 just outside harrisburg pennsylvania. there have been more than 450 flight cancellations. >> lots of people are takingedef a advantage of the snow. check out this kid in canada. only 18 months old but is already moving quickly
extending tax cuts, while doing nothing to curb spend organize address the long-term deficit crisis. if they fail to even pass a minideal, virtually everybody's income taxes will good up. the average family paying an extra $3,446 a year. and even if the income tax cuts are extended, virtually all workers are due to see less in their paychecks starting in january when the temporary 2% payroll tax cut is set to expire. >> senate leaders are headed back into session tomorrow morning. tune...
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extending tax cuts, while doing nothing to curb spend organize address the long-term deficit crisis. if they fail to even pass a minideal, virtually everybody's income taxes will good up. the average family paying an extra $3,446 a year. and even if the income tax cuts are extended, virtually all workers are due to see less in their paychecks starting in january when the temporary 2% payroll tax cut is set to expire. >> senate leaders are headed back into session tomorrow morning. tune into morning news for the latest. >> portland, oregon residents have taken their disappointment in congress to the street. there's this road sign in north portland. now instead of road construction it reads, fiscal cliff ahead. >> a winter storm is dumping snow over the northeast and part office ohio. a tractor-trailer and several other cars collided in the snow on interstate 83 just outside harrisburg pennsylvania. there have been more than 450 flight cancellations. >> lots of people are takinged a a advantage of the snow. check out this kid in canada. only 18 months old but is already moving quickly
extending tax cuts, while doing nothing to curb spend organize address the long-term deficit crisis. if they fail to even pass a minideal, virtually everybody's income taxes will good up. the average family paying an extra $3,446 a year. and even if the income tax cuts are extended, virtually all workers are due to see less in their paychecks starting in january when the temporary 2% payroll tax cut is set to expire. >> senate leaders are headed back into session tomorrow morning. tune...
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Dec 30, 2012
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with the deficit ticking higher, patience is wearing thin. >> for those of us that invest in the stock market, it's disgusting to watch them jockey around with our money. we're affected every day. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 million in mandatory spending cuts scheduled to go into effect tuesday. >>> if the government does go over the cliff, the impact on the aviation industry could be disastrous, and it could have a domino effect on the economy. the transportation security administration could lose about 7% of its budget, and more than 7,000 security officers. passengers could face longer waits at security. the faa could see its budget cut, and that means fewer planes, passengers, and cargo. >> everybody's pocketbook and livelihood is tied to the aviation system. the impact of it not being able to provide the service they do today would be devastating. >> if washington can't reach a compromise, are the economic recovery could stall. >>> a new york woman has been charged with murder as a hate crime for allegedly pushing a man in front of
with the deficit ticking higher, patience is wearing thin. >> for those of us that invest in the stock market, it's disgusting to watch them jockey around with our money. we're affected every day. >> reporter: missing in all the last-minute negotiations is talk of the $1.2 million in mandatory spending cuts scheduled to go into effect tuesday. >>> if the government does go over the cliff, the impact on the aviation industry could be disastrous, and it could have a domino...
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it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike would only fund the government for 8 days. americans deserve to know what is the president proposing we do for the other 357 days of the year? >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled back bill. then send it to the house. as many americans brace for the worst, patience is running out. >> they're playing games with people's lives. and i don't think that's correct. >> reporter: even if congress manages to break the gridlock in time, more trouble is just around the corner. when the u.s. reaches the debt limit again in a few weeks. tara mergener for cbs news, washington. >>> a new state law that goes into effect tuesday worries people concerned about distracted
it won't address deficit resit, across-the-board spending cuts or other issues. in both party addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay more. >> the president's tax hike would only fund the government for 8 days. americans deserve to know what is the president proposing we do for the other 357 days of the year? >> reporter: both...
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democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport security are nothing new. but if the u.s. government goes over the fiscal cliff, they could get even longer. according to one congressional analysis, the transportation security administration would lose more than $640 million in funding, roughly 7% of out budget. t.s.a. with would also lose over 7,000 security officers. safety would not be compromised. the passenger misery would increase. >> it could be a severe impact on the traveling public. instead of maybe one hour, you may be there two or three hours before. >> reporter: long lines would be the least of the problems. under the mandatory cuts of the fiscal cl
democrats and republicans agreed to these drastic cuts last year, to force both parties to the table on deficit reduction. if they can agree by monday at midnight, the following cut take effects. over the next nine years, the u.s. defense budget would be reduced by $455 billion. domestic programs would be slashed by 464 billion. 1,000 government programs face potential cuts, including three that directly impact air travel. john bentley has the story. >> reporter: long waits at airport...
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Dec 30, 2012
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the bill won't address the trillions in deficit reduction, sweeping reforms and federal spending, the u.s. tax code, or stop across-the-board spending cuts. in both parties' weekly addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay a little more. >> the president's tax hike would only fund the government for eight days. americans deserve to know what is the president proposing we do for the other 357 days of the year. >> reporter: both the house and the senate will be in session tomorrow. the senate is expected to take the lead and vote on the scaled- back bill then send it to the house. as many americans brace for the worst, patience is running out. >> they're playing games with people's lives. and i don't think that's correct. >> reporter: even if congress manages to break the gridlock in time, more trouble is just around the corner when the u.s. reaches the debt limit again in a few weeks. tara mergener for cbs news, washington. >>> well, a ne
the bill won't address the trillions in deficit reduction, sweeping reforms and federal spending, the u.s. tax code, or stop across-the-board spending cuts. in both parties' weekly addresses, it's clear a big sticking point remains. >> it's a balanced plan one that would protect the middle class, cut spending in a responsible way, and ask the wealthiest americans to pay a little more. >> the president's tax hike would only fund the government for eight days. americans deserve to...
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extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everybody's income taxes will go up. and even if the income tax cuts are extended virtually all workers are due to see less in their paychecks, starting in january, when the temporary 2% payroll tax cut is set to expire. and don't assume there will be a mini-deal, a democratic source close to the meetings going on tonight, says, quote, the prospects are not too promising they'll get to a bipartisan agreement to prevent everyone's taxes from going up. david? >> our chief white house correspondent jon karl. of course, this waiting game is already affecting americans' 401(k)s. the stock market, five straight day of losses. let's bring in bianna golodryga. bianna, great to see you. if these lawmakers thought that waiting to the 11th hour wouldn't have an effect, look no further than the stock market. >> take a look at what happened just the few days. the dow lost 158 points. for the week, down 252 points. david, these aren't just money we're tal
extending tax cuts while doing nothing to curb spending or address the long-term deficit crisis. if they fail to pass a mini-deal, virtually everybody's income taxes will go up. and even if the income tax cuts are extended virtually all workers are due to see less in their paychecks, starting in january, when the temporary 2% payroll tax cut is set to expire. and don't assume there will be a mini-deal, a democratic source close to the meetings going on tonight, says, quote, the prospects are...
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the tax would have made the rich contribute a whole lot more to cutting public deficit. >> arthel: here at home as senator leaders work behind closed doors to cut an 11th hour deal to avoid the fiscal cliff, we got a glimpse of optimism on the senate floor on friday from majority leader harry reid and minority leader mitch mcconnell following their white house meeting with president obama. here it is. >> everyone knows we've been to the white house. we've had a constructive meeting. we certainly hope that something will positive will come from that. >> i share the view of the majority leader. we had a good meeting at the white house. we are engaged in discussions, the majority leader and myself and the white house in the hopes that we can come forward as early as sunday and have a recommendation that i can make to my conference and the majority leader can make to his conference. >> arthel: so is a fiscal deal more likely now than it was before congress left for christmas break? let's have a meeting of the minds. outreach director for freedom works, author of "backlash" and fox news cont
the tax would have made the rich contribute a whole lot more to cutting public deficit. >> arthel: here at home as senator leaders work behind closed doors to cut an 11th hour deal to avoid the fiscal cliff, we got a glimpse of optimism on the senate floor on friday from majority leader harry reid and minority leader mitch mcconnell following their white house meeting with president obama. here it is. >> everyone knows we've been to the white house. we've had a constructive meeting....
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Dec 29, 2012
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extends unemployment insurance and lays the ground works for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as they let it come to vote. >>> don't be surprised if you come across the jeiy checkpoint in the next couple of days. local law enforcement agencies have launched their annual crackdown a drunk drivers, indictment will are already in place. a bay area lawmaker is voting for tested solution to get repeat drunk drivers off the highways. a proposal that is being used in assisted states. >> the thinking behind the proposed crackdown is address what state senator jerry hill says the high rate of drunk drivers that don't modify their behavior. he cites statistics, most recent numbers available. >> there were 161,000 d.u.i. arrests and convictions in california. 27% of those were repeat offenders. >> a second indictment conviction would require a driver to buy and i install an emission intercept device. this is one showing how they work. a breath sample is taken and car will start only if the driv
extends unemployment insurance and lays the ground works for future progress on more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as they let it come to vote. >>> don't be surprised if you come across the jeiy checkpoint in the next couple of days. local law enforcement agencies have launched their annual crackdown a drunk drivers, indictment will are already in place. a bay area lawmaker is voting for tested...
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extends unemployment americans look for a job and lays the ground work for more economic growth andç deficit reduction. i believe suchmy a proposal coud pass both house was bipartisan majorities as long as these leaders allow it to come to a vote. >> republican house speaker john boehner said he's willing to bend on raising taxes for the wealthiest americans to avoid the fiscal cliff. >>> don't be surprised if you come across a dui checkpoint in your neighborhood over the next few days. the highway patrol and other law enforcement agencies have their checkpoints in place. they will continue to be every night through new year's day. >>> a bay area law maker is proposing a new solution for getting repeat drunk drivers off the roadways. it's already being as utilized in other states. abc7 news reporter david louie has the details of the new proposal. >> the thinking behind the proposed crackdown of repeat offenders is to address what state senator jerry hill says is a high rate of drunk drivers who don't modify their behavior. he cites 2009 statistics, the most recent numbers available. >> ther
extends unemployment americans look for a job and lays the ground work for more economic growth andç deficit reduction. i believe suchmy a proposal coud pass both house was bipartisan majorities as long as these leaders allow it to come to a vote. >> republican house speaker john boehner said he's willing to bend on raising taxes for the wealthiest americans to avoid the fiscal cliff. >>> don't be surprised if you come across a dui checkpoint in your neighborhood over the next...
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Dec 29, 2012
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hikes and extends unemployment americans look for a job and lays progress for more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> republican house speaker john boehner said he's willing to bend on raising tax force the wealthiest americans to avoid the physical cliff. >>> don't be surprised if you come across a dui checkpoint in your neighborhood over the next few days. the highway patrol and other law enforcement agencies have their checkpoints in place. >>> a bay area law maker is proposing a new solution for getting repeat drunk drivers off the roadways. it's already being as youd in other states. abc7 news reporter david louie has the details of the new proposal. >> the thinking behind the proposed crack down of repeat offenders is to address what state senator jerry hill says is a high rate of drunk drivers who don't modify their behavior. he cites twine statistics, the most recent numbers available. >> there were 161,000, 161,000dui arrests and convictions in califo
hikes and extends unemployment americans look for a job and lays progress for more economic growth and deficit reduction. i believe such a proposal could pass both houses with bipartisan majorities as long as these leaders allow it to come to a vote. >> republican house speaker john boehner said he's willing to bend on raising tax force the wealthiest americans to avoid the physical cliff. >>> don't be surprised if you come across a dui checkpoint in your neighborhood over the...
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Dec 29, 2012
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there isn't a structural deficit anymore. there's $1.9 billion -- >> yeah. >> but that is small. it was $25 billion just a couple years ago. this problem is a good part of the way toward being solved, and i think if people would have -- i don't think people even still completely understand that. and to me, the big question is, are the democrats, now that they have two-thirds majorities in each house, are they going to blow it up again and create new deficits like when gray davis was in charge, by rewarding in spending and locking in unions and things like that. >> and i think the democrats do have the supermajority in both the state senate and the state assembly, but a lot of the new freshmen coming in are from more centrist districts. they won by small margins, and i don't think it's a foregone conclusion that they're going to be steam-rollering with big government. voters also passed prop 39, which closed a corporate tax option of -- some would call it a loophole to pay a lower tax. that brings another $1 billion into the state budget. and for -- >> some of that's earmarked, th
there isn't a structural deficit anymore. there's $1.9 billion -- >> yeah. >> but that is small. it was $25 billion just a couple years ago. this problem is a good part of the way toward being solved, and i think if people would have -- i don't think people even still completely understand that. and to me, the big question is, are the democrats, now that they have two-thirds majorities in each house, are they going to blow it up again and create new deficits like when gray davis was...
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Dec 29, 2012
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vo ---a medida que se acerca la fecha lmite para que washington llegue a un acuerdo para reducir el deficit, cada vez es ms claro que california tiene mucho en juego si no se evita el precipicio fiscal ---segn la oficina del analista legislativo, el presupuesto del estado podria reducirse en 11 mil millones de dolares en dos aÑos y mas de 200 mil empleos podrian desaparecer. ---ademas, si los recortes fiscales de bush expiran, los impuestos de muchas familias podrian aumentar al menos 2 mil dolares cesar ---algunos californianos que pagaron tasas de interes excesivas por prestamos podrian recuperar una parte de su dinero take vo ---la compaÑa prestamista "check-n-go" acord pagar ms de 4 millones de dolares a sus clientes ---la empresa est siendo acusada de cobrar hasta un 400 por ciento de interes, muy por encima de lo permitido por el estado ---los clientes que recibieron un prestamo por internet entre noviembre de 2006 y junio de 2008 podran ser elegibles para recibir un reembolso. cesar ---las lluvias recientes han afectado un tradicional evento anual del sur de la bahia take vo ---seg
vo ---a medida que se acerca la fecha lmite para que washington llegue a un acuerdo para reducir el deficit, cada vez es ms claro que california tiene mucho en juego si no se evita el precipicio fiscal ---segn la oficina del analista legislativo, el presupuesto del estado podria reducirse en 11 mil millones de dolares en dos aÑos y mas de 200 mil empleos podrian desaparecer. ---ademas, si los recortes fiscales de bush expiran, los impuestos de muchas familias podrian aumentar al menos 2 mil...
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Dec 29, 2012
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unemployment insurance is still available for two million people lay the ground work then for additional deficit reduction and economic growth steps to take in the new year that. >> bill ass the president calls the bare minimum isn't what many on capitol hill had hoped for. it pushes off until next year the larger problems of dealing with the debt ceiling and automatic spending cuts. study by george mason university found spending cut will result in two million jobs lost and 215 billion dollar drop in the nation gross domestic product. that's the value of all the goods and services produced. for california it means defense spending would be cut by half billion dollars. 12,000 children from low income family would look the access to head start programs, 2,000 fewer women not given screening for breast cervical cancer. domestic violence people would lose services. 8,000 tour california tested for hive and 2 96,000 students would see their title 1 benefit cut. employment assistance to 143 143,000 job seekers also cut. and uc health system could face 21 million in cuts from the loss of medicare reve
unemployment insurance is still available for two million people lay the ground work then for additional deficit reduction and economic growth steps to take in the new year that. >> bill ass the president calls the bare minimum isn't what many on capitol hill had hoped for. it pushes off until next year the larger problems of dealing with the debt ceiling and automatic spending cuts. study by george mason university found spending cut will result in two million jobs lost and 215 billion...
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Dec 29, 2012
12/12
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congress agreed to steep a spending cuts going into reduce the deficit. cuts now are just around the corner. >> the president says he's optimistic but did f.a deal can not be reached he'll tell hairy reid to introduce a fall back bill. >> put a bill making sure tax on middle class families don't goup, that unemployment is available for two million people z that lays ground work for additional deficit reductions and economic growth steps we can take in the new year. >> the bill, as the president calls bare minimum isn't what many hoped for, pushing off until next year, larger pron lems of dealing with the cuts. the study by george mason university found cuts will result in two million jobs lost and a $215 billion drop in the nation's gross domestic product. for california, it means defense spending will be cut by half a billion dollars, 12,000 children would lose their access to head head start programs and fewer women would receive screening. 7,000 victims of domestic violence would lose services. 8,000 fewer californians tested for hiv. 296,000 students
congress agreed to steep a spending cuts going into reduce the deficit. cuts now are just around the corner. >> the president says he's optimistic but did f.a deal can not be reached he'll tell hairy reid to introduce a fall back bill. >> put a bill making sure tax on middle class families don't goup, that unemployment is available for two million people z that lays ground work for additional deficit reductions and economic growth steps we can take in the new year. >> the...
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Dec 29, 2012
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and lays the ground work for future corporation by more economic growth and deficit reduction. >>> with no agreement on the fiscal cliff extended unemployment benefits expire tomorrow for 24,000 unemployed californians. one woman says she's been out of work for two years. she said if it weren't for the long term unemployment benefits she doesn't know how she would get by. >> not being able to put food on table. not being able to pay my bills. >> those individuals and families are on their own to figure out how they're going to have an income until they have go on and have a job again. >> reporter: 1.2 million americans could lose their extended unemployment benefits nationwide. >>> cloudy and cold, all day across the entire bay area. now we're adding some rain showers to the mix. here's a look on live storm tracker 2 radar. the greens indicating light rains on the increase. even if you're covered in the green, things are changing as you can see down toward the san mateo coastline. already reporting of some light rain right around the pacifica region. right around san francisco, right ar
and lays the ground work for future corporation by more economic growth and deficit reduction. >>> with no agreement on the fiscal cliff extended unemployment benefits expire tomorrow for 24,000 unemployed californians. one woman says she's been out of work for two years. she said if it weren't for the long term unemployment benefits she doesn't know how she would get by. >> not being able to put food on table. not being able to pay my bills. >> those individuals and...